This is a preview of the Global Payments Landscape report from Business Insider Intelligence. Current subscribers can read the report here.
- Noncash payments are on the rise worldwide.
- As new players emerge to capitalize on consumer appetite for digital payment methods, three mature markets — the UK, Australia, and Sweden — have become standouts for what a more cashless society could look like.
- The UK, Australia, and Sweden are transitioning to digital particularly well, and can serve as a roadmap for other mature markets seeking to overcome the legacy channel of cash.
Noncash payments have been gaining popularity around the world for the last decade. And though cash isn’t anywhere near dead, its global growth is slowing as consumers turn to emerging cashless alternatives.
Business Insider Intelligence
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See Also:
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- The UK is set to delay its new Strong Customer Authentication requirements to 2021
- Green Dot hopes that offering new products will reverse its massive account shrinkage
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